Bitcoin whale clusters pinpoint 3 levels in the short term to keep the bull trend intact By Cointelegraph



Bitcoin whale clusters pinpoint 3 levels in the short term to keep the bull trend intact

The price of (BTC) is consolidating between $55,000 and $56,000 following the rejection at $61,000. Whale clusters suggest that one key level has to be defended to prevent a drop to the mid-$40,000 region.

According to the data from Whalemap, which tracks Bitcoin whale activity, $55,406 is a critical whale cluster support area.

Bitcoin whale clusters. Source: Whalemap
Bitcoin funding rates. Source: Bybt.com
Stock-to-flow model with deviations. Source: Lookintobitcoin.com, Rekt Capital